Regulation

The UK Financial Conduct Authority (FCA) published its final findings from its landmark Premium Finance Market Study in February 2026, confirming that the average annual percentage rate (APR) on insurance premium finance has fallen by 4.1% since 2022, driven by Consumer Duty supervisory pressure. The regulator stopped short of imposing a sector-wide APR cap but committed to continued targeted enforcement and monitoring, maintaining pressure on firms that are not delivering fair value.

The Australian Prudential Regulation Authority (APRA) has finalised targeted amendments to Prudential Standard CPS 230 Operational Risk Management, effective July 1, 2026. The changes introduce limited contractual exemptions for certain non-traditional service providers — such as central banks and clearing facilities — responding to industry concerns while preserving the core objectives of the landmark operational resilience framework for insurers, banks, and superannuation funds.